The Battle Of Online Vs. Land-Based Casinos

State governments are struggling to find new sources of revenue to breathe life into their budgets. One of the main reasons many support the legalization of online casinos is the belief that such a move would help boost state tax revenues and stimulate such economies. When New Jersey passed and implemented its bill to allow online gaming, Governor Chris Christie predicted that internet casino gambling would bring in $160 million of revenue in its first year. However, this number was met with widespread skepticism from local lawmakers and experts within the industry who were ultimately correct in their assessment that Governor Christie’s calculation was slightly exaggerated; Fitch Ratings Service has the actual results being nearly 45% below expectations.